Even for the business-savvy, finding a financial advisor isn’t easy. Consider a lawyer friend, who went hunting for financial help after her husband died. The woman — who will remain un-named — sought recommendations from friends and her accountant, met with eight different candidates, asked explicit questions about how they would...Read More
Is the world financially stacked against women? Why do women lag in retirement savings as compared to men? Are women at a disadvantage for reasons too numerous to list? Is it sexism? Are females not good savers? Big spenders? Is it really true that women get paid less for the same work performed? Is the world financially stacked up against women? I...Read More
Forget about retirement, Baby Boomers. We’ll be working for the rest of our lives. OK, that may be an exaggeration, but not by much. We have not saved enough money. And worse, many of us will still be up to our eyeballs in debt when we do retire. We’re just one medical emergency away from bankruptcy. One survey says the average Baby Boo...Read More
If you consult a dictionary, you’ll see that to downsize is to make something smaller. No problem if you’re cutting a cookie recipe in half or getting rid of some old books.
While your sprawling house might have been the perfect place to bring up a family, many people find that once their kids have moved out, they don’t need so much space. In fact, for many, all that extra square footage starts to feel less like a luxury and more like a burden. From the upkeep to the utilities to the taxes, there’s a lot they could do ...Read More
Remember “The Talk,” when mom or dad sat you down to explain the facts of life? Well, it may be time for you to initiate “The Talk” again, but focusing this time not on how life begins but how it should end, even if that end is several decades from now. “I hope people will recognize there are things they should think a...Read More
If you’re like most people, the idea of your money running out before you die can keep you up at night. It’s a huge worry, of course, but there are ways to ensure you keep cash flowing, even after you retire. Check out these tips to keep your bank account flush.
You may dream of retiring long before a traditional 60-something retirement age, but be careful about making that leap too soon. If you're not emotionally ready to quit working, you may not be ready to retire.
Downsizing means to make something smaller. No matter if that ‘something’ is an old CD collection or the big pile of junk in your garage. But when you’re facing reducing everything you own so you can retire to a neat little cottage for a well-earned life of leisure, it’s another matter altogether. It’s your whole life! Downsizing: Here’s What You N...Read More
If your closet is a chaotic mess, it might be time to try some seasonal downsizing. All it takes is an afternoon or two and the right frame of mind – and perhaps a little caffeine! The following guidelines can help streamline this often important dive into the inner recesses of your closet.
Are you an empty nester? Are you retired or planning for retirement? Then I’m sure you’ve thought about the new possibilities and opportunities that await, one of which is the luxury of being able to travel. However, if you’re like many 55-plus folks, you may be on a limited or restricted budget. This means you want to save money as you plan ...Read More
Key Points Nearly two-thirds of siblings talk about money with each other While financial conflicts are rare, they usually involve issues regarding parents Uniting to deal with money issues can help protect family assets Talking about money with immediate family members is not always an easy conversation to initiate. Why? For starters, the conversa...Read More